Didi posts Q2 loss on lawsuit provision despite revenue growth


FILE PHOTO: The app logo of Chinese ride-hailing giant Didi is seen through a magnifying glass on a computer screen showing binary digits in this illustration picture taken July 7, 2021. REUTERS/Florence Lo/Illustration/File Photo

BEIJING (Reuters) -Chinese ride-hailing giant Didi Global reported a second-quarter net loss of 2.5 billion yuan ($350 million)on Thursday, despite revenue rising 10.9%.

The loss was largely due to a one-time provision of 5.3 billion yuan for a previously disclosed shareholder class action lawsuit.

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